GST Council meet: FM Sitharaman gives states 7 days to choose between two options to bridge compensation gap

At the 41st GST Council meet on Thursday, Finance Minister Nirmala Sitharaman gave states two options to bridge the funding gap created due to economic losses caused by COVID-19.States have been demanding compensation from the government to meet the shortfall in revenue caused by lockdowns to curb spread of COVID-19. Sources told Moneycontrol, Centre presented Attorney General's opi…